-
Obamacare Implodes
May 15, 2013 | 41 comments
-
Obama’s Rising Inequality
May 8, 2013 | 101 comments
-
Downsize the Liberals
May 1, 2013 | 53 comments
-
Fight Back! Privatize the FAA!
April 24, 2013 | 65 comments
-
Fallacies and Charades
April 17, 2013 | 14 comments
The Obama Watch
Bush Tax Cuts Still Working — For Now
They’ve rescued Obama once. After 2012 he’ll try to get rid of them again.
(Page 3 of 3)
Those same block grants should be extended to all 183 of the remaining federal means tested welfare programs, estimated to cost altogether with Medicaid $10.3 trillion over the next 10 years. The states could then replace them with an entirely new welfare system providing assistance to the able bodied only in return for work. Instead of paying the poor not to work, they would be paid to work, ideally by private employers, contributing further to the economy as a result.
For Medicare, besides replacing the payroll tax with personal accounts, the rest of the program would be transformed to rely on vouchers for private insurance as well, effectively transforming the whole program into the highly popular Medicare Advantage option. The rest of federal spending should then be dialed back to 2007 levels and kept there until the budget is balanced, which would result under all of these reforms in less than 10 years.
Essential, fundamental reform of the Fed would involve ending all discretionary monetary policy, and requiring it to follow a price rule henceforth. The Fed would then tighten monetary policy when gold and other commodity prices rose, and the dollar fell, and ease monetary policy when prices started to fall.
Then all we would need is deregulation to unleash the private sector to produce the maximum of all forms of energy — oil, natural gas, coal, nuclear, even the alternative energy that is justifiable in the market. This would ensure a reliable supply of low cost energy to the economy, effectively providing still another tax cut.
This would be a prescription for another generation long economic boom, as was produced by Reaganomics, restoring the American Dream, and once again vaulting America far away into the world’s leading economy.
About the Author
Peter Ferrara is Director of Entitlement and Budget Policy at the Heartland Institute, General Counsel of the American Civil Rights Union, Senior Fellow at the National Center for Policy Analysis, and Senior Policy Advisor on Entitlements and Budget Policy at the National Tax Limitation Foundation. He served in the White House Office of Policy Development under President Reagan, and as Associate Deputy Attorney General of the United States under President George H.W. Bush.
Bill Hussein O'Stalin| 3.9.11 @ 6:34AM
It's obvious now that Obama may be Osama's secret weapon in the United States. Essentially, Osama Bin Ladin is clever enough to see he need do no more.
Obama and his fifth column are marching across the economy hiding behind the progressive agenda, and all the while stomping the Constitution, and you, and the economy into the ground.
Mitch Angoop| 3.9.11 @ 2:06PM
Unfortunately, I have two important topics to bring up. The first topic will inflame every left/lib moron in our Country. Why? Here's why: American Blacks are either the stupidest group of people in the world, or they are willing to destroy their own lives to protect the vile dictator 'wannabee' in the White House simply because he's allegedly Black. (He's not, but they don't seem to care.)
My second issue is very upsetting and requires this preface:
WARNING!
I do not want to be alarmist, but I have been wrestling with the worst virus/worm I have EVER encountered. It apparently got in through a ‘hole’ in an ADOBE FLASH update message. It will come up as a warning that your computer has been infected by a virus and appear to be scanning your hard drive. DO NOT OPEN IT OR EVEN CLICK ON IT! If you do not know what to do, try to get into SAFE MODE and call an expert. Microsoft has issued more than a dozen security definitions and attempted patches in the last week and it keeps getting back in. This is very serious! I may be paranoid, but it looks like it could be a coordinated attack on our internet. I hope I’m wrong.
You may now return to Mitch's regularly scheduled ranting and raving.
Bill Hussein O'Stalin| 3.9.11 @ 2:35PM
Download Avast Free Edition or for a few bucks the upgrade. It will scan your computer then do a reboot and you will have to place everything in the "chest" then delete it later.
Mitch Angoop| 3.9.11 @ 3:50PM
I've had success with Microsoft Security Essentials, but, at the end of it all, even after encapsulating it and removing, I still had to do a System Restore just to be certain.
Have you had any experience with Microsoft Security Essentials, and does it compare with Avast?
Thanks very much for the help!
Bill Hussein O'Stalin| 3.9.11 @ 3:57PM
Avast works and prevents further infections.
Mitch Angoop| 3.9.11 @ 5:27PM
Bill,
Thanks very much. I'll just add this to your long list of intelligent suggestions! Thanks again.
Alan Brooks| 3.9.11 @ 8:55PM
even if everything you all write is fact, it is such a relief the dynastician from Kennebunkport-cum-Crawford is gone. Hallelujah
TennesseeVolunteer| 3.9.11 @ 7:44AM
Peter, we continue to hang on here in flyover country. Your plan is a good one but we have to defeat Obama! Everything else after that can work itself out.
His defeat signifies a rejection of liberalism, a lack of common sense and, dare I say, a return to a Christian nation!
Alan Brooks| 3.9.11 @ 8:57PM
" a return to a Christian nation!"
America is a satanic nation, that is why it got to the top of the heap. Christianity is the veneer, the necessary covering.
335blues| 3.9.11 @ 9:40AM
The "bush tax cuts" did not rescue the marxist obama. Do you think that we have forgotten what happened already? Are you rewriting history? It was the republican leadership that rescued obama by letting him off the hook when we had him down. It is just like what is happening right now with the budget. The republican leadership is prepared to capitulate. The republican leadership can do the right thing and (1) not raise the deficit limit and (2) shut the government down until the marxist democrats agree to REAL cuts. But they won't because they spineless wimps that are more worried about re-election than saving the country.
russel| 3.9.11 @ 10:32AM
You're right . I didn't waste time on this article when I saw it was yet another doomsayer and his woe is us . Forget any ' solutions ' to anything if this boob is re-elected . The only solution presenting itself is revolution . How's that for prophesy ? . I prefer the much rosier outlook that America is dead tired of this depression and will kick zero in the ass so hard his hair will hurt . Remember too , we have a year and a half left in his FIRST term and that's an eternity in political time . Plenty for him to finish screwing up what he statrted .
Alan Brooks| 3.9.11 @ 9:01PM
"I prefer the much rosier outlook that America is dead tired of this depression and will kick zero in the ass so hard his hair will hurt ."
So then you can elect another empty-suit GOP president?
ExCdn4FT| 3.9.11 @ 9:42AM
As usual, another insightful article with real solutions to the many financial issues facing this country. Defeating Obama and the progressives in 2012 is essential.
I would very much appreciate Peter's perspective on the FairTax and it's place in the puzzle. Eliminating the IRS is almost as important as getting rid of Obama.
richard ryan| 3.9.11 @ 11:13AM
Great ideas, sir. I especially like the voucher system for government elderly and poor. Medicare and Medicaid spend more money precisely because they reimburse doctors poorly. Sounds counter intuitive but it is definately true.
chriser| 3.9.11 @ 11:31AM
Now we just need to find a Republican presidential candidate who can support and articulate these policies. Are any of the current bunch capable?
LiveFreeOrDie| 3.9.11 @ 1:22PM
"And despite President Obama's occasional rhetoric, no new nuclear power plant construction is anywhere in sight in the U.S., though 60 new reactors are being built around the world, from Brazil, to Argentina, to Lithuania, to India, even Sri Lanka, with 20 being built in China alone."
The arms race with the soviet union has become the energy race with China. Leftist policies ensure we will lose this race by vigorously pursuing the exact opposite. Less supply, more demand and higher prices. The Bush tax cuts will be drops in the bucket when energy prices, "Necessarily skyrocket". Nobody will be thinking about taxes when they can't afford to gas-up their cars, heat their homes or operate their businesses.
Clint| 3.9.11 @ 1:26PM
Sen. Jim DeMint (R-S.C) said U.S. dependence on foreign credit and oil has brought the country to its knees.
"Today America is literally on its knees to China and other countries for the credit we need to run our economy," DeMint said in a floor speech Tuesday afternoon. "We are also on our knees to the Middle East, which is very unstable right now, for the oil we need to run our economy, to even take our food to market, the essentials here at home."
"We have a Congress that, instead of addressing the issue of a trillion-and-a-half dollars [the current estimate of the deficit], is debating between $61 billion and $6 billion,” said DeMint. “These are fractional. You cannot even see the line here of what is being proposed by our Democratic colleagues."
Obama Is Beatable.
The Tea Party Rebellion Escalates.
Carpe Diem.
Who Knows?| 3.9.11 @ 1:52PM
Therefore, how can anyone be very hopeful about any changes that can be made, to stop the bleeding, in time to keep it from getting worse?
I’m (TOO!) old enough to remember that the doomsayers have almost forever been warning of the coming wreck that social security, medicare and medicaid are, and here we are! Still TALKING about them, and even more wasteful VESTED INTEREST programs.
There is actually a piquant, and biting way to stifle the people who support programs like Obamacare---
Use jujitsu, and agree with them, and one up them, by saying we should go all the way, and force people to buy their food from GOVERNMENT stores.
Even ask them how we could destroy the EVIL private business we currently shop at.
So, find out where they purchased their last meals, either restaurants or food stores, and tell them you want to nuke them.
Yes, let’s expand all the military PX’s!
It’s just not FAIR that they get to choose where to FREELY purchase stuff, when so many people have less than they do!
I want ONLY government gas stations, etc!
Who Knows?| 3.9.11 @ 1:53PM
Oops--- I failed to copy the first paragraph of this comment---
"Never forget that vested interest RULES, and any attempt to change the status quo MUST defeat the inevitable resistance it presents."
Dee See| 3.9.11 @ 11:26PM
----Continuity of agenda ALERT!
Seems Janet Napolitano, in Mexico last
Nov 30th signed in a certain 'Trusted Traveller'
agreement which put into place a MASSIVE
'green card' open border ID card.
80 MILLION Mexicans, specifically the young,
are being bio-metrically scanned, fingerprinted
and enrolled. It enables them to come and go
into the US and Canada with TOTAL, unchallengable access
---all with an ATM
sweep of the card. TRUE!!!!!!!
TRUE! TRUE! TRUE!
The Bush--Clinton--Bush--------OBAMA
Globalist-EUGENICS front steams on.
CHECK OUT Alex Jones/Jerome Corsi
latest INFOwars postings on Youtube.
AGAIN!
------HUAC meets NUREMBERG ------NOW!!!
Bennet Cecil| 3.12.11 @ 12:56AM
Hopefully American voters have had enough of Marxist politics and will give president Obama the same vote of confidence that they gave Jimmie Carter. We should replace him with Michelle Bachman and restore our Republic to greatness. Vouchers for our schoolchildren instead of monopolist will advance education. Rep ace Obamacare and Medicaid with block grants to states. Open the federal employees health plan to taxpayers. Reduce corporate income tax to ten percent to encourage job growth. Sell Sally, Freddie, Fannie, GM, AIG etc in the market. We need reform and downsizing of the federal government.
Creative Recreation | 8.11.11 @ 2:04AM
is good